// // @author LazyBear // List of all my indicators: https://www.tradingview.com/v/4IneGo8h/ // study(shorttitle = "SQZMOM_LB", title="Squeeze Momentum Indicator [LazyBear]", overlay=false) length = input(20, title="BB Length") mult = input(2.0,title="BB MultFactor") lengthKC=input(20, title="KC Length") multKC = input(1.5, title="KC MultFactor") useTrueRange = input(true, title="Use TrueRange (KC)", type=bool) // Calculate BB source = close basis = sma(source, length) dev = multKC * stdev(source, length) upperBB = basis + dev lowerBB = basis - dev // Calculate KC ma = sma(source, lengthKC) range = useTrueRange ? tr : (high - low) rangema = sma(range, lengthKC) upperKC = ma + rangema * multKC lowerKC = ma - rangema * multKC sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC) sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC) noSqz = (sqzOn == false) and (sqzOff == false) val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)), lengthKC,0) bcolor = iff( val > 0, iff( val > nz(val[1]), lime, green), iff( val < nz(val[1]), red, maroon)) scolor = noSqz ? blue : sqzOn ? black : gray plot(val, color=bcolor, style=histogram, linewidth=4) plot(0, color=scolor, style=cross, linewidth=2)